$6,531 Closing Credit*
$550,000
3 Beds
•2 Full Baths
Carrie Winne, Listing Office: Coldwell Banker, Basking Ridge
Is 07068, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 07068 has remained a Seller's Market.
Key Takeaway
07068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07068, NJ
How much do homes in 07068, NJ cost?
Median Sold Price
$765,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,500(+11.1%)
Key Takeaway
Homes in 07068 have sold for 11.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $510K | $570K | +11.8% |
| 3 Bedrooms | $695K | $737.2K | +6.1% |
| 4 Bedrooms | $748.5K | $815K | +8.9% |
| 5+ Bedrooms | $1.0M | $999.9K | -0.2% |
Summary: 07068 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 07068, NJ
How many homes are available in 07068, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The 07068 real estate market had 17 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07068 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07068, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07068 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 07068, NJ
We’re sorry, we don't have information for this market at the moment
